On Thursday, oil prices experienced a significant increase, while global equity markets showed a mixed response amid fluctuating trade conditions influenced by the ongoing conflict […]
News Flash
The NDB Fraud: Hard Questions
THE NDB FRAUD: THE NUMBER WAS ALREADY THERE The most troubling dimension of the unfolding NDB fraud story is no longer…
NDB of Sri Lanka Reports Rs13.2 Billion Loss Due to Internal Fraud, Trading Suspended
Sri Lanka's National Development Bank PLC has reported a significant internal fraud perpetrated by its…
Sri Lanka’s Shops Experience Milk Shortage as Price Hike Concerns Loom
FINANCIAL CHRONICLE – A significant number of grocery stores in Sri Lanka have ceased offering…
Sri Lanka Economy 2026
What’s in store in the coming year of 2026?
Sri Lanka’s current macroeconomic fundamentals suggest that the economy has emerged from acute crisis conditions and is moving toward gradual stabilisation. Read more
Sri Lanka offloads additional Rs200 million in Treasury bills following auction results.
FINANCIAL CHRONICLE – Sri Lanka successfully auctioned treasury bills amounting to 200 million rupees at average interest rates of 8.09 percent for six-month bills and […]
Europe: pushing back on Trump without yet breaking with Washington
Europe’s latest response to the Middle East war is no longer passive discomfort. It is active distancing. French President Emmanuel Macron said today that opening […]
When Water Becomes a Warning
Sri Lanka must conserve now – before scarcity becomes crisis Be that as it may, Sri Lanka now faces a risk that is both immediate […]
Sri Lanka Teams Up with World Bank Group to Foster Job Creation and Boost Private Investment
Today, the World Bank Group and the Government of Sri Lanka unveiled a new five-year Country Partnership Framework (CPF) aimed at facilitating Sri Lanka’s ongoing […]
International investors divest $44.1 million in Sri Lankan rupee bonds over a fortnight
FINANCIAL CHRONICLE – According to data from the Central Bank, foreign investors divested US$44.1 million from Sri Lankan government securities during the two-week period ending […]
NDB of Sri Lanka Unveils Significant Fraud Incident, Cautions Potential Losses Could Surpass Rs380 Million
Sri Lanka’s National Development Bank (NDB) has announced the discovery of fraudulent activities involving certain employees collaborating with outside parties. The bank has taken steps […]
Governor Nandalal Acknowledges Over-Optimism, Commits to IMF Path Despite Hardship
Colombo – In a marked shift from earlier optimism, Central Bank Governor Nandalal Weerasinghe has adopted a more measured and pragmatic stance as Sri Lanka […]
March Sees 19.7% Decline in Sri Lanka’s Tourist Arrivals Due to Middle East Conflict
FINANCIAL CHRONICLE – In March 2026, Sri Lanka experienced a significant decline in tourist arrivals, with numbers dropping by 19.7% compared to the same month […]
Sri Lankan President Emphasizes Urgent Strategies to Mitigate Effects of Middle Eastern Conflict During IMF Conference
Sri Lankan President Anura Kumara Dissanayake emphasized the importance of implementing strategies to mitigate the effects of the ongoing crisis in the Middle East on […]
McLaren Maritime Academy Honors the Next Generation of Sri Lankan Mariners at 2025 Graduation Ceremony
McLarens Maritime Academy (MMA), a prominent and accredited institution for maritime training in Sri Lanka, celebrated its 2025 Convocation at the Bandaranaike Memorial International Conference […]
Sri Lanka Announces Rs243 Billion Investment in Maha Oya Pumped Storage Hydropower Initiative
FINANCIAL CHRONICLE — The Sri Lankan government has approved a plan for the Ceylon Electricity Board (CEB) to initiate the Maha Oya pumped storage hydropower […]
Sri Lanka’s Market Rises 0.43% as Banking Shares Drive Trading Volume
FINANCIAL CHRONICLE – The All Share Price Index (ASPI) of the Colombo Stock Exchange recorded an increase of 0.43 percent on Tuesday, whereas the S&P […]
IMF Team Engages with President Dissanayake in Key Discussions
A delegation from the International Monetary Fund (IMF) visited President Anura Kumara Dissanayake at the Presidential Secretariat on February 2nd to discuss the ongoing economic […]
Thailand-based corporation and YWCA contribute Rs5 million to support Sri Lanka’s recovery efforts following the Ditwah incident.
FINANCIAL CHRONICLE — The reconstruction initiatives in Sri Lanka are receiving valuable support from Thailand’s private sector and civil society. YWCA Bangkok and Thai Beverage […]
Justice Ministry Unveils New Management Information System to Boost Efficiency, Transparency, and Accountability
The Ministry of Justice and National Integration has officially unveiled a new Management Information System (MIS) along with an updated website, marking a pivotal advancement […]
Ceylinco Life’s Chairman R. Renganathan Recognized by CMA for Outstanding Leadership
The Executive Chairman of Ceylinco Life Insurance Ltd., Mr. R. Renganathan, has been awarded the esteemed title of ‘Distinguished Recognition in the Profession of Management […]
Sri Lanka People’s Leasing Enhances Capital Base with Rs10 Billion Private Placement Initiative
FINANCIAL CHRONICLE – People’s Leasing & Finance, a subsidiary of People’s Bank in Sri Lanka, has successfully secured a five-year term loan facility amounting to […]